U.S. Capitol Building
U.S. Capitol Building

 

The Consolidated Appropriations Act, 2016 (the “Act”) permanently changed the pre-tax transit benefits to be at parity with parking benefits. As a result, the Act retroactively increased the 2015 transit benefits from $130 to $250. For 2016, the transit and parking pre-tax benefits are $255.

Click the link below to read the entire bulletin.

New Qualified Transit and Parking Guidance – 012216R